Approval of financing for 3 projects worth 403 million dollars

Photo courtesy of Saudi Media

In the meeting of the Board of Executive Directors of the Islamic Development Bank, the financing of 3 projects for socio-economic development has been approved.

According to the Saudi media report, the approval of financing of 3 projects worth 403 million dollars for socio-economic development.

According to the report, $318 million was allocated for the high-speed electric train project in Egypt.

According to the report, additional financing of $13 million was approved for a power transmission and commercial project in Kyrgyzstan, which aims to meet the demand for electricity in Afghanistan and Pakistan.

The provision of emergency aid by the Islamic Development Bank to earthquake-affected Turkey and Syria was also discussed.

In the meeting, an amount of 35 million dollars was also allocated for the development of education in Tajikistan.

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